Conagra Brands, Inc. - CAG STOCK NEWS

Conagra Brands (NYSE: CAG) has announced the winners of its Sustainable Development Awards, recognizing employee achievements in sustainability across five categories: Climate Change, Packaging, Responsible Sourcing, Water Reduction, and Waste Reduction. Notable achievements include Maple Grove's 12% reduction in natural gas usage, Rensselaer's packaging optimization saving 79 metric tons of CO2 emissions, and Waterloo's water conservation project saving over one million gallons.

The Award of Excellence went to Irapuato, Mexico, for upgrading their biogas system, now providing 8% of the site's electricity. Each winning team receives a $5,000 grant from the Conagra Brands Foundation for community investment. These initiatives demonstrate the company's commitment to environmental stewardship and sustainable practices.

Conagra Brands (NYSE: CAG) is set to showcase its $3.2 billion snacks portfolio at the 2024 NACS Show in Las Vegas. The company will unveil new products across its meat snacks, salty snacks, and seeds categories. Highlights include:

- Introduction of FATTY® Smoked Meat Sticks, a recent acquisition
- New offerings from Slim Jim®, including Slim Jim Bites and new formats
- Duke's® Smoked Meat Snacks in new 2.5 oz. bags
- Vlasic® Pickle Balls, a new poppable puff ball snack
- DAVID® Honey Roasted Jumbo Sunflower Seeds and BiGS® Fire Sunflower Seeds
- Glutino® gluten-free pretzels entering the C-store market
- Andy Capp's® Fire Tots, a new spicy puffcorn snack

The company aims to accelerate sales growth through various in-store display solutions.

Swiss Miss, a Conagra Brands brand, has partnered with Hotel Tango Distillery to launch Swiss Miss 'Shmallow, a toasted marshmallow and cocoa-infused bourbon. This -edition spirit combines the flavor of Swiss Miss hot cocoa with a well-crafted bourbon, making it ideal for holiday gatherings or as a gift for bourbon enthusiasts.

Available this month at select retailers and online at Cask Cartel for an SRP of $27.99, Swiss Miss 'Shmallow features sweet notes of caramelized sugar, toasted marshmallow, and a hint of smokiness. The collaboration aims to create a unique drinking experience that evokes feelings of coziness during the winter season.

For more information about Swiss Miss 'Shmallow, including cocktail recipes and purchase locations, visit drinkshmallow.com.

Conagra Brands (NYSE: CAG) reported Q1 FY2025 results with net sales decreasing 3.8% to $2.8 billion and organic net sales declining 3.5%. The company's reported operating margin fell 247 basis points to 14.4%, while adjusted EPS decreased 19.7% to $0.53. Despite challenges, Conagra reaffirmed its fiscal 2025 guidance, projecting organic net sales between -1.5% to flat and adjusted EPS between $2.60 and $2.65.

Key factors affecting Q1 performance included:

• Negative price/mix impact of 1.9%
• Volume decrease of 1.6%
• $27 million impact from temporary manufacturing disruptions in Hebrew National
• Gross profit decrease of 10.2% to $739 million
• SG&A increase of 1.1% to $338 million

The company maintained its market share in several categories and continued its portfolio reshaping initiatives.

Conagra Brands (NYSE: CAG) has announced a quarterly dividend payment of $0.35 per share of CAG common stock. The dividend will be paid on November 27, 2024 to stockholders of record as of the close of business on October 31, 2024. This announcement continues Conagra's long-standing tradition of paying consecutive quarterly dividends, which dates back to January 1976.

The Conagra Brands Foundation has awarded $350,000 in grants to 20 nonprofits across 10 states through its "Nourish Our Community" program. This initiative, aligned with Hunger Action Month, aims to address food insecurity and promote nutrition education in communities where Conagra employees live and work. The program empowers employees to nominate and select grant recipients, fostering community involvement.

The grants support various projects, including Meals on Wheels, food pantries, weekend meal programs for students, and urban agriculture initiatives. These efforts are part of Conagra's broader partnership with Feeding America, which includes product donations, employee volunteerism, and strategic support to combat hunger nationwide.

Conagra Brands (NYSE: CAG) has announced the release date for its fiscal 2025 first quarter earnings. The company will disclose its financial results on Wednesday, October 2, 2024. The earnings release will include:

• A press release and supplemental materials
• Pre-recorded remarks
• A 30-minute live Q&A session with investors at 9:30 a.m. ET

Investors can access the earnings materials and participate in the Q&A session through the company's website or by dialing in. This announcement provides transparency and allows stakeholders to prepare for the upcoming financial disclosure.

Conagra Brands (NYSE: CAG) has completed the sale of its 51.8% ownership stake in Agro Tech Foods (ATFL), an India-based food company. This divestiture aligns with Conagra's strategy to reshape its portfolio and maximize shareholder value. As a result, Conagra will no longer consolidate ATFL's financial results in its statements.

Conagra Brands, a leading North American food company with a 100-year history, focuses on innovation and collaboration to meet changing consumer preferences. The company's portfolio includes popular brands such as Birds Eye, Duncan Hines, Healthy Choice, and Slim Jim. In fiscal 2024, Conagra reported net sales exceeding $12 billion.

Conagra Brands, Inc. (NYSE: CAG) has acquired Sweetwood Smoke & Co., the maker of FATTY Smoked Meat Sticks. The financial terms of the acquisition were not disclosed. FATTY products are described as protein-packed, better-for-you snacks made with high-quality pork and beef, smoked with real hickory wood. This acquisition aligns with Conagra's strategic focus on the snacking and frozen categories.

Sean Connolly, Conagra's CEO, stated that this move is part of reshaping their portfolio for faster growth. Ryan Wood, founder of Sweetwood Smoke & Co., expressed excitement about working with Conagra to expand FATTY's reach. Importantly, Conagra confirmed that this transaction would not affect its FY25 guidance issued on July 11, 2024.